171 Franklin Avenue, Essex, Nutley Township, NJ

Others for Sale - $1,950,000 - 12,500 Sq. Ft.


Agent Info

Jason Dion
CENTURY 21 The Crossing

Property Info

CIMLS#1184072
Location
  171 Franklin Avenue
  Essex, Nutley Township NJ 07110
UpdatedNovember 21st, 2025
TypeOthers
Price$1,950,000
Building12,500 Sq. Ft.

Property Description

Prime mixed-use income property featuring a warehouse, storefront, and three apartments in the heart of Nutley's vibrant Franklin Avenue corridor. Fully leased and income-producing with $122,760 gross annual income and $81,628 NOI, this asset delivers a 4.19% cap rate at the $1,950,000 asking price. The property includes a 4,600 SF warehouse with 1,000 SF office, a high-visibility retail storefront, and three well-maintained residential units above. A private driveway provides direct access to the warehouse for deliveries and operations. Excellent visibility and walkable downtown location make this a standout investment or owner-user opportunity. Strong tenant mix, steady income, and room for future rent growth make this an ideal long-term hold in a supply-constrained Essex County market.


Financials



Similar Listings